MSCC(MAIN) - 2025 Q3 - Quarterly Results

Third Quarter 2025 Private Loan Portfolio Activity Overview of Q3 2025 Activity Main Street Capital Corporation reported Q3 2025 private loan portfolio activity, with $117.3 million in new commitments and $113.3 million in funded investments Private Loan Portfolio Activity (Q3 2025) | Activity Type | Amount (Millions USD) | | :-------------------------------- | :-------------------- | | New/Increased Commitments | $117.3 | | Total Funded Investments (Cost Basis) | $113.3 | Notable New Commitments and Investments Main Street made notable new and increased commitments in Q3 2025, diversifying its portfolio across various sectors - Notable new private loan commitments and investments during Q3 2025 included[2][6] - $36.9 million (debt and equity) to a provider of HVAC and plumbing installation services to multifamily and commercial end markets[2] - Increased commitment of $18.8 million (debt) to a provider of highly technical specialty services to datacenters and other diverse end markets[2] - $16.3 million (debt and equity) to a provider of new and refurbished pad mounted transformers to datacenter, commercial and industrial end markets[2] - Increased commitment of $10.5 million (debt) to a manufacturer of chemicals and lubricant additives[6] - Increased commitment of $5.1 million (debt and equity) to a provider of meters, loading systems, and aftermarket parts across the energy value chain[6] Private Loan Portfolio Snapshot (as of Sept 30, 2025) Main Street's private loan portfolio, totaling ~$1.9 billion at cost, is diversified across 86 companies, with a majority in first lien senior secured debt Private Loan Portfolio Composition (as of Sept 30, 2025) | Metric | Value | | :-------------------------------- | :-------------------- | | Total Investments at Cost | ~$1.9 billion | | Number of Unique Companies | 86 | | First Lien Senior Secured Debt | 94.0% of cost | | Equity Investments or Other Securities | 6.0% of cost | About Main Street Capital Corporation Business Overview and Investment Strategies Main Street is a principal investment firm offering customized long-term debt and equity capital solutions to various private companies - Main Street's core business involves providing customized long-term debt and equity capital solutions[4] - Investment strategies include[4] - Lower Middle Market Investment Strategy: Provides 'one-stop' debt and equity financing for management buyouts, recapitalizations, growth financings, refinancings, and acquisitions; target companies generally have annual revenues between $10 million and $150 million[4] - Private Loan Investment Strategy: Primarily invests in secured debt with private equity fund sponsors; target companies generally have annual revenues between $25 million and $500 million[4] Asset Management Business Main Street operates an asset management business through MSC Adviser I, LLC, managing external investments as a registered investment adviser - Main Street maintains an asset management business through MSC Adviser I, LLC[5] - MSC Adviser I, LLC manages investments for external parties and is registered as an investment adviser under the Investment Advisers Act of 1940[5]